Neither miners nor traders are interested in this situation. But it may be possible to cover losses with margin trading. In my opinion, the downside conditions are still ongoing.
The downtrend is expected to continue from the end of the New York session today until the London session tomorrow. If the price rises and breakout this level. The market will be range for a while, which is not unlikely.
The first pillar of using patterns is recognizing the types of breakouts. And the first pillar of using Fibonacci retracement is knowing the range of the Market. Fibonacci can't be used in every wave; First, you should know the price range, and then draw the Fibonacci retracement. In this chart, We have Drop-Base-Drop(DBD) after the breakout, and the golden zone...
One of the most powerful zones for trade is the Base Patterns. which can be shown as - Rally Base Rally- Rally Base Drop- Drop Base Drop- Drop Base Rally. In fact, the base between two Sharp movements with good momentum. you can find a good base area and decide for trade long or short! Good luck
As you can see, the price has just broken one level of demand and wants to reach the next levels. Basically, Mondays are profit day and on Tuesday we can see the continuation of the fall of this currency pair
The bears still hold the market ball. It remains to be seen how far they want to go. Supply and demand areas have been identified. In case of a fake breakout, you can think about buying, but my opinion is more about falling.
Sometimes miscalculations occur, but they can be compensated for using capital management. Have a nice weekend.
After the breakout, Now we can have a correction and then continue to move to resistance
Continuation down trend cause of breakout the demand zone.
Bears still seem reluctant to market to bulls. A supply area and keep moving
An unsuccessful breakout and fall and then continue moving.
An area of strong demand for Gold. I hope the price will increase. Otherwise and continue to fall. The price will not be limited
Illusion is a good thing! Especially if it is a market type. From my point of view. The downtrend is over and it's time for the bulls to wake up. This is the end of the line for the euro. Support and resistance in pure mode.
It seems that the patience of the bears has decreased. After a deep fall, the bears need a day off to settle their profits
After the fall, the price creates two areas of supply and demand. Where bears protect their trades. I think bears are still in control of the market
According to nice rejection in trend and channel price can continuation falling in this instrument
Depends on the supply zone in BTC and good rejection in price, in my idea price, wants to fall.